MBA Notes “Broad Increase” in Applications

The volume of mortgage applications increased for both refinancing and
purchasing during the week ended March 27.
It was the second consecutive week that the Mortgage Bankers
Association’s Market Composite Index and each of its components advanced and
did so convincingly.

Lynn Fisher, MBA’s Vice President of
Research and Economics said, “There
was a broad based increase in mortgage applications last week relative to the
week prior. The increase in purchase
volume was led by a nearly 6 percent increase in both conventional and government markets, perhaps signaling that households
are finally ready to begin the home-buying season.”

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